Thank you, Ana, for keeping us informed. We've been in Coimbra for 2 months now and I was quite surprised how expensive homes are here so we will not be able to afford to purchase here. After these sweltering heat waves in the city (Tuesday is supposed to be 43!) we've decided to look west of the city for cooler temps. Prices are better outside the city and temperatures much cooler.. .but we aren't in any hurry as we are enjoying getting a feel for the smaller towns and meeting lovely people.

The same thing is happening in North America. Inflated house prices. Salaries have been driven up somewhat by inflation, but they aren't keeping up. Banks have started to raise interest rates as of a few months ago and that's putting the brakes on the housing market. Prices are starting to go down. Likely going to see a recession next year. I fully expect you'll see the same sequence of events that we've seen. Lot of chatter about a recession in Europe as well. If rates go up to curb inflation, spending goes down, recession kicks in and the housing market will correct itself. I hope your government steps into address house prices since it has a huge negative impact on local population. Same thing as happened here in Canada and they were too late.

Very good video, Ana! Very informative.

Good information -inflation, over inflated home prices and renters/buyers not helping the situation by moving into the country with no $$$$ issues and willing to pay whatever sellers are asking because they need an address to write on their D7 application. I get a kick every time someone says they have decided to move to Portugal and moving in a couple of months. People strategize on best way to move if that is your plan. I am several years before taking the plunge to move and hope things will be less muddy with real estate and SEF.

Thank you Ana. Sure hoping some calm comes to the market. What you describe isn’t sustainable and is hurting many local people. We are moving in early 2023 and hope by then things have changed.

are the statistics for 2021 or 2022? You keep saying 2021?

What we see here is a fiat money triggered rise in commodities and real estate prices.

Given the as well rising interest rates for mortgages, I expect the bubble to deflate within the next two or three years.

Time will tell if my assumptions are correct.

Thank you for keeping us up to speed with the market trends in Portugal. You have confirmed my fears. Keep up the good work.